Gold Market Hysteria/Propaganda Approaches Wartime Pitch

Reminiscent of the gloom and doom articles of October 2008 regarding the gold price, a sudden spate of anti-gold propaganda and short-term bearish calls for the yellow metal have hit the Web.  Sentiment in New York and London must be nearing a tipping-point level toward another capitulation of selling.

As of Tuesday in early afternoon trading in NY, gold stands at $1,556.73, trading below $1,600 for four straight trading days.  Reports of aggressive Asian buying of physical metal continue to stream in.

Because gold has not ‘decoupled’ from the equities market as speculated by some, another post-Lehman swan dive in the gold price is now expected by many influential and savvy investors and money managers, which, if that scenario materializes, the gold price could result in another incredible buying opportunity—a gift from the money Gods, if you will.

And the Fed would welcome the collapse, as well, as Bernanke desperately needs political cover of falling oil and precious metals prices to once again hasten more money printing to pay for trillion$ in U.S. budget deficits.

Charles Nedder of Nedder Research told Jim Puplava’s Financial Sense Newshour he anticipates a drop in gold to a cycle-low target price of $1,359 (approximately the 40-month MA) before rallying once again.

Since his call of July 2011 on Bloomberg Television, FX Concepts John Taylor hasn’t retracted his $1,000 gold target for 2012, and more specifically by the close of the month of May—this month.

Marc Faber still awaits a buying opportunity at gold prices closer to $1,300 than Taylor’s more draconian $1,000 target.

Jim Rogers posited a scenario for $1,000 gold in an interview with Business Insider, Tuesday, when he said that either a mass dumping of European gold to re-liquefy European banks would most likely slam the gold market, or a gold import ban in India would surely trigger wholesale selling of the precious metal.

Each of these four men view a drop in the gold price as a nice entry point for the remainder of the gold market.

However, there are those who just don’t ‘get it’ (or don’t want to get it): Jon Nadler, Dennis Gartman and NYU professor Nouriel Roubini—the private sector trio who have slithered into mainstream media with their typical nonsensical analysis and entertaining chatter—especially Roubini, who hilariously stated on his Twitter account, Monday, “Gold bugs are hiding deep in their gold caves pondering why gold isn’t rallying in spite of the sharp spike in risk-off sentiment.”

Look out for those ‘preppers’ who live in caves, according to the bizarre world of the Great Roubini.

And then, of course, the three-man love fest of Warren Buffett, Charlie Munger and Bill Gates have blessed us with their obviously staged performances, warning and ridiculing investors out of their gold positions, or for even considering gold as a hedge against financial collapse, currency debasement or dangerous geopolitical events.  The rational for staying with paper money contributed by these three men all read like a child’s play—intentionally spoken in a dumb-down 6th-grade language level for Mr. and Mrs. Front Porch to echo chamber with their relatives and friends.

Munger went as far as likening gold investors to Nazi-era Jews who sought refuge from persecution.

Buffett calls it, just a hunk of metal, despite 5,000 years of historical evidence that support the contrary.

And Gates, who looked like a fish out of water in his interview with CNBC’s Becky Quick, couldn’t (or wouldn’t) come up with anything intelligible to say about the subject of gold.  Because Gates is a famous billionaire, the Front Porches must then surmise that Gates is also an authority on the subject of money and anything else he may talk about.

Would Becky Quick care to interview Jim Grant of Ron Paul in the same format and at the same time of day?  Maybe Quick will cut to the chase, settle the subject once and for all, by interviewing Paris Hilton or Justin Beaver.  How about a 30-second public service announcement, starring Obama and Michael Jordan, tilted, “Just say ‘no’ to gold.”

Of the half-a-dozen cracked eggs, Jon Nadler, Dennis Gartman, Nouriel Roubini, Warren Buffett, Charlie Munger and Bill Gates, would any one of them make their points loud and clear that investors should kick gold to the curb by taking on Peter Grandich’s bet of $1 million that gold will reach $2,000 before it reaches $1,000?

Probably not.  Each would have to clear it with the powers who have commanded them to play Lord Haw-Haw or Tokyo Rose.  The U.S. is engaged in a currency, resources and geopolitical war, and Uncle Sam wants Americans to voluntarily throw themselves under the bus for a precious few oligarchs and political degenerates who have infested traditional American culture.

Market Meltdown Nears; Fed Soon May Be Forced to Announce QE3

The financial indicator that traders have watched most for a sign of another Lehman-like swan dive in stocks has suddenly inched to the edge of the abyss in overnight trading.

That indicator is the U.S. 10-year Treasury—the instrument of choice among hedge fund mangers when stocks become vulnerable to that big drop—that long-awaited second shoe thud of the global financial crisis.

Greek bonds, again, are swan-diving, driving rates north of 20 percent, and Spanish CDS spreads with German paper reached a record 526 basis points in European trading, according to

A crash through important support at 1.8 percent on the 10-year note will most likely give the green light to traders to panic out of stocks and to rush into the next leg of the ride to the very top of the 30-year bond market bull market—which now has reached bubble territory.  Gold will most likely sell off, as banks shore-up capital reserves and hedge funds make client redemptions during an equity market sell off.

“If we see the yield on the U.S. 10-Year Note break below the 1.8 percent level, what it’s to signal to bond traders around the world is that we have a deflationary wave coming,” trader Dan Norcini of told King World News, Friday.

As far back as September 2011, 1.8 percent has been the rate at which traders have sold bonds and bought back stocks in anticipation of a ‘Bernanke put’, the widely-held belief that the Fed will come to the rescue of the markets in one way or another to prevent another first-quarter 2009 market crash, which took the S&P500 down to 666 in a harrowing scare reminiscent of the Crash of 1987.

After calling the March 2009 market bottom—to the day—two years later, in March 2011, Marc Faber, the editor of the Gloom Boom Doom Report, told CNBC’s Joe Kernen that the Fed won’t allow stocks (the only asset class it can ‘manage’) to tumble.  The Fed will intervene, according to the Swiss-born economist and money manager who now lives in Chiang Mai, Thailand.

“We are in a mild recovery; markets are a discounting mechanism,” Faber explained in the March 2011 interview with CNBC.  “And we have already doubled in the S&P from the low.  So on the improvement, maybe the market sells off.”

Kernen asked, “You figure QE2 . . . they’ll pretend that they’re going to end in June, but then eventually they’re forced to start it up again. . . . QE8?”

“I made a mistake; I meant to say, QE18,” Faber quipped.

“So it will be here in 2012, as well, and maybe in 2013?” Kernan asked.

“For sure. For sure,” Faber maintained. “Until very recently, the Fed has had very few critics. . . Over the past few months a lot of critical comments have come up about the Fed and its money printing habits. But I bet you, the S&P drops 20 percent, all the critics will be silenced, and they will applaud new money printing.”

Back to Norcini:  JSMineSet’s Norcini agrees with Faber’s assessment.  The bond market is telling investors the stock market is vulnerable to a big decline as the S&P approaches the 1,325 level—a level that Charles Nenner of Nenner Research suggested on Financial SenseNewshour is the target for either a rebound in stocks or a further slide into a dangerous negative feedback loop of selling below 1,325.

“I think the reason the 1.8% level has been a floor so far is because most traders are convinced the Bernanke-led Fed will not allow deflation to occur,” Norcini continued.

If 10-year note rates decisively break below 1.8 percent, the next stop might be as low as 1.15 percent, according to Portola Group Founder Robert Fitzwilson, who said in aninterview with KWN two days earlier of the Norcini interview, that a drop in the 10-year to 1.15 percent can only mean a market meltdown of an unprecedented proportion.

“The Fed can’t let this happen,” Norcini continued, citing Fitzwilson earlier comments about the 10-year Treasury. “What alternative do they have?  I’m not a fan of central banking, but what are they going to do?  Do they just let this deflationary tsunami engulf the planet?  This is the Great Depression II that Bernanke fears and he will not let this happen.

“The bottom line is Bernanke may not want to do another round of QE, due to the political implications, but the market may force his hand if stocks and interest rates really begin to plummet.”

As of Monday, the U.S. 10-year Treasury trades at 1.77 percent, six basis points from its all-time low yield of 1.71 percent set on Sept. 22, 2011.

Marc Faber Fears Stock Market Crash

Marc Faber, editor of the Gloom Boom Doom Report, and the man who said in early April he expects “massive wealth destruction” ahead for investors, also expects a 1987-style stock market crash if U.S. stocks continue to rally without further Fed stimulus.

“I think the market will have difficulties to move up strongly unless we have a massive QE3,” Faber told Bloomberg’s Betty Lui on Friday.  “If it moves and makes a high above 1,422, the second half of the year could witness a crash, like in 1987.”

Faber’s comments about the market’s dependency upon further Fed ‘quantitative easing’ come off the heels of TrimTabs CEO Charles Biderman statement of Apr. 30, when Bidrman said in a weekly update, “It’s the Federal Reserve that controls the market” and “we play with their money that they print or stop printing.”

The wealth effect of record U.S. housing prices, robust credit-driven consumer spending, an employed workforce, and an economy fueled by ever-increasing debt has disappeared for the most part, leaving investors with little money to buy stocks.  And if there is money left over, the retail investor is buying bonds or parking extra cash in money market accounts in fear of the next show to drop in Europe, with fallout across the Atlantic anticipated to spill over to the U.S.

Collective market wisdom says that stocks have risen due to a natural rebound from oversold conditions in March 2009, relatively high dividend yields compared with Treasuries, and massive liquidity provided by the Fed.  But Faber feels that earnings expectations are too high and could disappoint, and that many companies paying out dividends from earnings could level off, be cut, or eliminated by some companies all together.

“If the market makes a new high, it will be a new high with very few stocks pushing up and the majority of stocks having already rolled over,” Faber continued.  “The earnings outlook is not particularly good because most economies in the world are slowing down.”

In mid-November of last year, Faber began speaking about the connection between easy Fed monetary policy and rising stock prices, by he also became concerned that, despite record global central bank stimulus the world economy was rebounding at a rather anemic rate compared with previous recovery cycles.

Faber told the Taiwan’s Taipei Times, “A third wave of quantitative easing by the U.S. Federal Reserve is just a matter of time,” as economic data showed, then, sluggishness in real employment rates, capital spending and global trade.

By December, Faber warned of at least a 10 percent correction for February—which never materialized.  In a subsequent interview, however, he admitted that calling market bottoms is far much easier than calling market tops.

Today, parallels can be made between 2012 and 1987, with both years starting out “strong” followed by a “correction,” he said in response to a viewer e-mail to Bloomberg.  “If we have a rally into August it could resemble 1987 with a crash in the fall.

But a formal announcement by the Fed of further stimulus may change his outlook, Faber said.

GLD ETF Raid Imminent as China Flushes JP Morgan of Physical

Sources close to newsletter writer Jim Willie of the Hat Trick Letter tell him the Chinese are finally putting an end to the Fed-sponsored JP Morgan’s gold manipulation scheme—but not until the Eastern juggernaut strips every ounce of physical gold in a brilliant Sun Tzu maneuver against the Comex gold cartel.

With the cartel levered as much as an estimated 100-to-one in the gold market, JP Morgan is trapped into a game it cannot win in the end.  As normal market forces seek higher prices to quell demand, JP Morgan’s price suppression activities only serve to hasten the day when the gold price will be set free—but on China’s timetable and at a level of gold stock the Eastern giant feels comfortable stripping before crushing the hold of the G-8 and the menacing U.S. dollar standard from which China wishes to extricate itself.

“My firm belief is that a fair equitable gold price will come only after the price goes dark in the normal traditional paper dominated channels,” Willie began his update of the gold market in a piece posted on, suggesting that, at some point, the price quoted at the Comex will be revealed as merely a camouflaged official price-fixing mechanism to throw off traders into thinking rallies and plunges in the price of gold are part of a normal price discovery process.

In other words, instead of Treasury announcing on a periodic basis a new pegged price for gold under a broken Bretton Woods configuration, the U.S. can lever dollar against ridiculously low gold reserves to match the dismally low dollar reserves against assets held on the books of Fed member banks via JP Morgan’s gold manipulation scheme.

The customer(s) of JP Morgan that Blythe Masters had referred to in an interview with CNBC is, accounting for the lion’s share in terms of dollar volume, the Fed itself—which makes sense in that JP Morgan is one of the owners of the Fed (contrary to the obfuscation presented on the Fed’s Web site).

“We store significant amounts of commodities, for instance silver [gold for instance], on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market,” Masters told CNBC on Apr. 5. Emphasis added to text.

“If you see only the hedges and our activity in the futures market but you aren’t aware of the underlying client position that we’re hedging, then it would suggest inaccurately that we’re running a large directional position,” she added. “In fact that’s not the case at all. We have offsetting positions. We have no stake in whether prices rise or decline.”

At a ratio of approximately 100-to-one of paper “hedges” against physical gold, the only customer who would be large enough to cover such a bet for JP Morgan would be a printing press—the Fed.

Back to Willie.  He goes on to say in his article that the “Eastern coalition” has been stripping JP Morgan of physical gold at intervals of $10 in a “reverse pyramid,” or higher amounts of buy orders as the price drops.  As the Chinese lay a net of buy orders of physical during the massive de-leveraging process conducted by the European banks, the gold sold by the EU in an effort to remain liquid shifts from the West to East at fire sale prices made possible by JP Morgan’s paper shorts throughout the gold bull market.

“The gold price will not rise until the Eastern Coalition has had their fill in a Western diet rich in gold,” Willie stated.  “ . . . In the process of de-leveraging, the cartel is losing their gold bullion. They are vulnerable, made worse by their insolvency, aggravated by their lack of liquidity. The paper gold price is imploding, but not the physical price.”

Willie’s intelligence of renewed aggressive Eastern alliance gold buying—as well as the just-released news flash from Reuters of Vladimir Putin’s decision to skip the G-8 summit—appear to dovetail at this time with geopolitical events concerning Iran.  Though Russia is a member of the G-8, China is not.  Escalating aggression by the U.S. against Iran has pushed Iranian allies China and Russia into a formidable alliance against America and may explain Russia’s abstention from the meeting in a show of allegiance with China against their mutual enemy in battle for another gold—black gold—oil.

If the U.S. can secure Iranian oil, China loses its leverage in the currency war and its timetable for the renminbi to be elevated as a world’s reserve currency—which the Russians would benefit as well, as the ruble would be elevated (and included in the proposed SDR with the renminbi) as dollars leave the oil market through bilateral trade agreements forged by anti-American forces, globally.

Gold market insiders sense that, as Willie reports, China and its Eastern partners have a window of opportunity before the U.S. presidential election and/or a Fed announcement of more QE to accumulate as much gold as possible before the gold price moves higher to relieve the massive physical buying at the hands of the Chinese.

But it appears the U.S. could buy more time in the event of a gold raid by the Chinese (akin to Europe’s raid on U.S. gold during the late 1960s) as a force majeure in the gold market would collapse the dollar and the means of funding U.S. military operations against Iran and countless other operations hostile to China and Russia.  That physical gold, not available to JP Morgan, would need to come from the confiscation of private gold assets, such as those held for the Barclay GLD ETF.

“Unfortunately, the Eastern gold raids waged against the Western gold cartel might be satisfied with gold bullion pulled from the back door of the GLD exchange traded fund. As the Eastern Coalition observes the de-leverage process and swoops to exploit the insolvent condition compounded by lack of liquidity, the demands made on cartel member gold reserves might come from the GLD fund itself,” Willie speculated.

He added, “The cartel simply shorts the GLD stock, entitling themselves to vast truckloads of GLD gold bars in illicit grabs. The tracks are covered by altered bar lists, whose track record is so abysmal and faulty that new covered tracks are easily made. The GLD fund is destined for a day like Madoff and Corzine before the Congress, but with far more lawsuits. Given the vast conduits between Europe and the United States, any event triggered on the continent will extend quickly to the U.S. and UK.”

Gold traders should realize that Willie’s analysis strikes at the heart of the U.S. dollar, taking Jim Rickard’s thesis to a much deeper and poignant level—a level that Rickards will not dare to go.

In fact, Rickards told TruNews radio that investors of gold will be disappointed by a probably confiscatory tax of “90 percent” on gold held by American citizens, leaving that Rickards comment to beg the question: then where do Americans go to flee the dollar?

The answer is still—GOLD!—and the corollary? Store it outside the jurisdiction of the U.S. and away from a criminal Washington hell bent to sacrifice every American in its effort to achieve its objectives.  But Rickards, the DoD consultant, won’t tell you that, which suggests to anyone who listens to him that it is futile to protect yourself from a fascist U.S. government intent on sacrificing a nation’s privately-held treasure for its globalist agenda.

Jim Rogers: Get Out of Stocks; Buy Gold, Silver and Agriculture

Wall Street’s old guard of economists tell us the U.S. economy is recovering.  However, famed commodities trader Jim Rogers disagrees.  In fact, Rogers is betting the U.S. economy tanks in the “foreseeable future” and suggests investors stay away from stocks and buy gold, silver and agriculture commodities, instead.

“This [financial crisis] is all going to end badly for the West” Rogers told Business Insider’s (BI) Henry Blodget.

Blodget pointed to University of Pennsylvania economist Jeremy Seigel’s interview with CNBC on Apr. 26, when Seigel suggested that “stocks are most attractive in over half a century.”

Rogers retorted, “That’s a remarkable statement . . . Maybe I should go out and short some stocks . . . I don’t think this is the most exciting time to buy stocks . . . I don’t own any stocks in the U.S.”  In some cases, Rogers has taken a step further by shorting stocks.

Moreover, as early as last week, Rogers told the Wall Street Journal he believes the economy in the U.S. will be bad enough to anticipates civil unrest across America.  Gross Domestic Product (GDP) and labor statistics painted as rosy, or improving, by Washington’s various departments don’t jibe with the real world—a complaint routinely raised by Rogers.  The economic numbers are “doctored,” according to Rogers, and he believes the statistics lately have been especially doctored due to an election year.

“I’m more worried about those kind of problems [rioting] in the U.S. and Europe; this is where social unrest is going to be worse,” Rogers told the Journal.  “I would suspect that, when economic conditions get worse here and get worse in Europe, we’re going to see . . . you’ve seen governments fail in Europe; you’ve seen countries fail in Europe. I suspect you’re going to see more of it [rioting], yes.

“We saw it in London; we’ve seen it in several countries in Europe in the last year or two.  Yes, I expect to see it here, too.  If you don’t, look out your window.”

Rogers hasn’t changed his mind since that interview with the Journal, and told BI the run-up in stocks since the March 2009 low of 666 on the S&P has exhausted itself, as the S&P typically leads the economy, not the other way around.  Investors of stocks will be profoundly disappointment in the coming couple of years, according to Rogers.

“The economy is going to be bad within the foreseeable future, and the markets look ahead,” Rogers said.  “I don’t see this as a great time to buy stocks at all.”

Rogers said he’s betting on gold, silver and agriculture commodities as the winners for the remainder of the decade as more and more investors realize they must jump ship on stocks and board the commodities bull market to preserve wealth as was the scenario of the 1970s and the bull market in tangibles a that time.

Long term, “I’m very pessimistic about the U.S. dollar,” and “it’s going the way of pound sterling when it lost its status as the world’s reserve currency . . . I own gold.”

If gold prices drop, Rogers said he’s a buyer, and he expects the bull market in gold won’t end until it, too, reaches a bubble sometime in “2019-21.”

Source: Business Insider, clip one (1) and clip two.

(1) Note:  Clip one was left out of the Business Insider’s presentation of the Rogers interview posted on its website.  Clip one more accurately reveals Rogers’ overarching thesis of the economic and investment climate for the future.  Clip two is the second half of the interview.  Henry Blodget represents the mainstream Wall Street point-of-view, but he also understands that the candid Jim Rogers draws a tremendous following of viewers.  So, it appears BI may have massaged the interview with Rogers through a method of omission.  Comments made by Rogers in clip one weigh more heavily among investors seeking a long-term strategy for their investments.  Comments made by Rogers in clip two expound on comments made in clip one.

Bill Gates Joins Warren Buffett to Play Joseph Goebbels

The propaganda war against the world’s safest of havens, gold—with a track record of 5,000 years as proof of its role in a monetary system—has taken a step up with the voluntary outing of the latest American copy of the WWII-vintage Nazi Party Minister of Propaganda, Joseph Goebbels.  His name is William (Bill) Gates.

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In an interview with CNBC’s Becky Quick, Gates agreed with Warren Buffett’s negative assessment of holding gold during a financial crisis.

As Gates’ eyes shifted off to the side, he said, “I’m certainly in that camp,” as he proceeded to elaborate in a manner that showed his uncomfortableness with the question and his own response, shifting in his chair several times as he starts off talking about the risks of central banks selling it because it doesn’t “do anything for the people,” and then repeating almost word-for-word Buffett’s sophomoric line about the “psychology” of people buying it because they think it may be worth more in the future.

Here’s the link to the 2-minute clip of Gates’ response to Quick’s question regarding Buffett’s remarks about gold.  Note how he truly struggles with a fabricated response.

Make no mistake it.  Gates’ role is one of a man who finds himself playing a performing puppet for a criminal enterprise, which itself plays the roll of a legitimate Constitutional government.  It appears that Gates must play this role, because the world is too small and his face too well-known to bow out to live in peace on some South Pacific island away from those who would like to remind him of his lifelong commitment to ‘the family’.

Congressman Ron Paul understands the awkward position in which Bill Gates finds himself.  Paul once said of the endless others of Gates’ ilk, all of whom have been seduced by Washington and its suited prostitutes, “When one gets in bed with government, one must expect the diseases it spreads.”  The disease Bill Gates has caught he cannot shake unless he steps out of the pack.  But the pack, in addition to holding a carrot in one hand, also holds a stick in the other.

To better understand Gates and the context behind the disconnect between the reality people feel in their daily lives and the faux reality in which media would like us to believe about almost anything, Republican political operative Karl Rove of the George W. Bush administration shamelessly repackages a Goebbels-ism for a reporter he deemed to be an enemy of Washington power.

From a NY Times Magazine article of Oct. 17, 2004, written by Ron Suskind, who quoted an unnamed “aide” to George W. Bush (revealed later as Karl Rove):

The aide said that guys like me [Ron Suskind] were “in what we call the reality-based community,” which he defined as people who “believe that solutions emerge from your judicious study of discernible reality.” … “That’s not the way the world really works anymore,” he continued. “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”

Washington’s propaganda war, from the war on terrorism, to the invasion of Iraq, Afghanistan, to the virtues of the Federal Reserve, and endless other topics, media is the all-important weapon in the information war between those who report the truth as they believe it to be and those who seek to condition an electorate into thinking against their own self-interests in favor of a few.

In the case of Gates in this instance, he’s merely been called upon to act on the stage at the behest of Washington.  And after reviewing his latest performance, he doesn’t pull it off very well when it’s time to outright lie, because Gates’ entire life has been conditioned to respond in an intelligent and thoughtful manner to complex puzzles.  He’s clearly not gifted at political rhetoric.

After Warren Buffett took a shellacking for his child-like presentation of why he has no gold (he says), Gates, like a drunk trying to save his buddy who was struck by a car while staggering to reach the other side of a busy freeway, will also receive a Chevy bumper to the face in his effort to come to the aid of his friend.

And it’s really of no surprise that Gates would side with the man he “fell in love with” at first sight.  It’s safe to say that Buffett would pooh-pooh Apple’s operating system in favor of Microsoft’s clunker, if push came to shove.

And considering that the two men have in common the burden of being captured by a Washington power structure that aided and abetted both their empires from the jaws of the Sherman Ant-Trust Act of 1880, anyone can clearly see the motivation of both men for going out of their way to discuss that “silly” gold.  Both men would lose a substantial percentage of their fortunes if gold became the foundation of the world’s monetary system.

It’s quite obvious that someone has applied pressure on these two men to play roles each must certainly now feel uncomfortable playing.  How can one of them now buy a billion dollars worth of gold and still cheer-lead the hopelessly broken dollar.  Call it a “deal with the devil” or a simple quid pro quo with Mafia Dons who need to call in that big favor.  Either way, it smells of Nazism dressed in suits.

But the overarching question to this recent spectacle surrounding gold is:  if the yellow metal is so unimportant, irrelevant, barbaric and useless, why do these two men feel so compelled to talk about it?  Shame on both of them.

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Iran ‘Looking for War’ to Fulfill End-Times Prophecy, Says Undercover CIA Mole

CIA undercover operative, formally with the Iranian Revolutionary Guard, and author of A Time to Betray, Reza Kahlili (pseudonym), shocked TruNews host Rick Wiles with the revelation that the Iranian regime actually welcomes an attack by Israel or the United States.

The seemingly suicidal position of Iran to defy every sanction and threat imposed by the U.S. since the Islamic Revolution of 1979, mocking the superpower and its allies with tit-for-tat retaliations to match the taunting smiles from its most-recent president Mahmoud Ahmadinejad as well as threatening salvos from the Mullah leadership of Iran, is no bluff and no propaganda; it’s real and could spark a holocaust the world has never seen, according to Kahlili.

In fact, Iran, shockingly, is “looking for war,” he said.

“The regime in Iran is preparing for a final confrontation, and there is a book they have distributed, a publication they’ve distributed throughout all of their forces, called The Last Six Months,” he explained.  “And they have based it on centuries of hadith, and the signs and that they believe that—that time is very close.  And they say an attack on Syria or Iran will trigger the ‘End of Times’.  So they’re preparing for that; they’re preparing to create that circumstance. . . . Actually, they look for war.”

Under Shiite theology, the reappearance of the last Islamic messiah rises up in Persia to “kill the rest of the infidels and bring the world under one flag, one government—Islam,” he said.

Kahlili goes on to brief TruNews listeners with Iran’s capabilities of executing a holocaust of events, of which were carefully acquired following the Iran-Iraq War of the 1980s—potentialities which neighboring Iraq couldn’t imagine mustering under the regime of Saddam Hussein during the same period.

When Iran Defense Minister Ahmad Vahidi stated in 2009 that Iran is expanding operations in the Atlantic, he was referring to Iranian submarine fleets operating off the coast of the United States, according to Kahlili.   With these vessels, “long-range ballistic missiles [could be launched]; they could attack our homeland without any warning,” he warned.   “So we should take it seriously.  They mean what they say.  They have plans for the U.S.”

He added, “The Ayatollah often said publicly, the demise of America is at hand.  And that the U.S. and Israel will soon be destroyed.  And that they’re going to consider, they’re proceeding with the nuclear bomb project and currently have enough enriched uranium for six nuclear bombs.”

Host Rick Wiles asked Kahlili whether the Iranians can threaten the U.S. with a doomsday blast from off the coast of the U.S. without detection, the threat that American civilians should be most concerned.

“They sure can,” said Kahlili, noting that Iran has developed smaller submarines for the intent purpose of lurking off the coast of the U.S. within a three-mile reach of New York, Boston, or other cities with significant Jewish populations.

“Same thing as Pearl Harbor,” added Kahlili.  “You can be surprised by an attack out of nowhere.  But they really do not care about the response because of their ideology, and ultimately this is a very dangerous situation.”

Wiles asked Kahlili about other threats and capabilities of Iran that the American public should be aware of.  Kahlili said the real threat comes from North Korean weaponry research and technologies, and one in particular, called electromagnetic (EMT) weapons.

With an EMT blast, entire communications infrastructure would be destroyed, essentially ‘frying’ all electrical circuits and destroying the U.S. economy as quickly as a currency collapse.  Kahlili has confirmed through CIA intelligence, Iran is known to be procuring the technology from North Korea—the third nation of George Bush’s ‘Axis of Evil’.

“And these are super EMT weapons,” Kahlili said.  “They could launch it on top of a ballistic missile and blow it up over the skies, and it can act as a super EMT weapon and it could destabilize the infrastructure of the U.S. and send us back to the 18th century, immediately.  All power, water, food supply, everything—they’ll be destruction in all telecommunications.  Life will stop—period.”

Congressional advisory boards have estimated that after one year of an EMT blast, up to two-thirds of American would perish from a multitude of problems, from food supply to revolution.  “They have the bombs; they have the missiles, and I don’t think we’re paying attention to that.”

In a flurry of missile sightings off the coast of the U.S. of approximately two years ago, Wiles noted that it may have been the Iranians (not Chinese) who were testing, making a dry run of the EMT weapons in the Pacific Ocean, the Atlantic Ocean and Gulf of Mexico.  Three separate incidents within less than a six-week period of what appeared to be ICBM launches, one in the Pacific, one off the coast of New York, and the last one near Texas (Gulf of Mexico), were not adequately reported, though statements made by witnesses of the events seeped into the back pages of mainstream media and Internet news sites.

But the International Atomic Energy Agency (IAEA) didn’t miss the events, which were mentioned in its latest report to the international community.

“The IAEA in its recent report documented that they have experimented with launching missiles from their naval vessels [submarines?] and detonating the warheads over the surface of the earth,” said Kahlili.  “So they [the Iranian subs] would launch it straight up, then they detonated it, and then everyone would think that was the third launch.  But what the purpose of the launch, as documented by the IAEA, is that, that’s for an EMT attack.”

As those expecting a replay of the war with Iraq, Kahlili said the circumstances surrounding Iran’s fanatic drive to fulfill Shiite prophecy should not be underestimated, because the conflict planned by Iran could exact casualties in the United States and Israel numbering in the millions—of civilians.  It’s about religious beliefs, not necessarily geopolitics, according to him.

“So an attack on Syria or Iran, that’s the trigger and then they will go into action to attack Israel, attack the U.S. and that’s the start of the Last Six Months . . .,” Kahlili explained.  “They are looking forward to this day.  So this is a very important thing that you have to understand: they are looking for war and therefore their war rhetoric, which is considered here in the West as merely a propaganda, or talking to their choir, to their loyals in Iran, but that’s not it; they truly believe in this.  And they are looking forward to an attack on Iran because they have made the preparations for that scenario.”

He continued, “Thousand of cells have been placed throughout the world, with Hezbollah, the <inaudible> forces, Islamic Jihad and other proxies, even in U.S.  And these cells are ready to carryout the order and they will attack simultaneously many. Many cities and others, and at the same time hundreds of missiles will rain down on Israel and the war will expand, Hezbollah, Syria and others would get involved and there will be attacks on U.S. homeland.

“They expect that two-thirds of the world’s population will cease to exist due to wars, chaos and lawlessness . . . And that’s all in the six months; that’s all that takes place, from the trigger to the time of the coming.”

Kahlili intimated that much of the preparations within the U.S. may be due to the National Security Advisers (NSA) catch-up efforts to mitigate the threat of an Iranian nuclear or EMT attack on U.S. soil.  He said the U.S. is not “well-protected at homeland” and an attack could “cause real fear here.”

Kahlili went on to say that thousands of terror cells lurk within the boarders of America waiting for the signal from Tehran to attack.  “Terror cells are on high alert to attack the U.S. . . . the cells are here; they are armed and ready to proceed,” he said.

“They’ve even recruited people of Mexican origin, or Latin American origin,” he added.

But according to Kahlili, for the most part, the Iranian population within the U.S. is no threat, because most Persians residing in the U.S. once fled from the regime in Iran, going as far back as the Islamic Revolution of 1979.  Iranians are as worried about the Iranian regime as other Americans.

And as far as the oil price?  Kahlili said an attack on Saudi and Kuwaiti oil fields could devastate the global oil market, taking millions of barrels of crude offline for too long a period to sustain even a modicum of hope of affordable pricing.

“What Iran is going to do by attacking many facilities within the region, Saudi Arabia, Bahrain, UAE, Kuwait, Qatar . . .,” he said about the potential impact on oil prices from a successful initial missile launches, “the first reaction would be hitting all the oil fields and creating a situation where oil would go over 500, 600, $700 a barrel, a total collapse of the world economy, then terror attacks across the world and a simultaneous attack with hundreds of missiles on Israel, and it can get worse from there.”

Kahlili suggested that the timetable for a confrontation with Iran could be as early as this July, with possibly Iran striking first.  But in the longer run, a WWIII may be inevitable given the fanatical religious beliefs of the present leadership in Iran.  Any hope of averting WWIII may come from regime change within Iran, according to him.

Source: TruNews, May 4, 2012

Gerald Celente Fears Being Shot by Goons

In one of his most passionate pop-a-vein rant, Trends Research Institute Founder Gerald Celente said the U.S. is now a “banana republic,” a criminal “syndicate,” run by a bunch of “two-bit freaks,” and dares one of the “freaks” to tell him to his face to leave the U.S.

But Celente did say in an interview with 612 ABC Brisbane he’s not prepared to stick around the U.S. if the bullets start flying in his direction in the meantime.

“I am concerned, and I’ve been thinking about leaving,” Celente told ABC Brisbane’s Annie Gaffney.  “And I said the other day I’m not leaving,” referring to a statement about his decision to stay in the U.S. during an interview with Alex Jones’ InfoWars earlier this week.

During Medieval Europe, leadership of the various fiefdoms lived by a strict code of honor: if a war must be fought, members of the peerage class would lead the charge, including the king, himself, as a display of worthiness and courage to lead his fiefdom.  But today’s American leadership resembles a mob of genetically defective sociopaths and cowards, according to Celente.

“If Obama, Romney, Santorum, Gingrich, or little one of these guys wants me to leave, let them come and tell me to leave, or they don’t have the manhood to do it, and they’ll send flunkies to do it?” he added, rhetorically.

Moreover, Celente becomes incensed by the notion that his vehement protest to today’s common mob-run government has elicited some disdain from those not quite steeped in an historical prospective of sacrifices made on behalf of Americans by truly honorable men of the American Revolution, Civil War, WWI and WWII.

“If they want me to leave, let them come and tell me to leave,” he continued his heated response.  “And I’m sick and tired of these people telling me, well you know, if you don’t like it, you should leave.  No!  You should leave!  You’re the ones who are raping the Constitution.  I’m staying.”

But the 60-something-year-old Celente is well past his fighting years, and will regrettably leave the U.S. if the Hun-like savages come for him with goons and guns.

Celente closed the subject, “Am I going to risk my life?  No.  If I get threatened, if I get shot at, of course I’ll leave.  But up until that point, I’m staying!”

Source: 612 ABC Brisbane

“We are Preparing for Massive Civil War,” Says DHS Informant

In a riveting interview on TruNews Radio, Wednesday, private investigator Doug Hagmann said high-level, reliable sources told him the U.S. Department of Homeland Security (DHS) is preparing for “massive civil war” in America.

“Folks, we’re getting ready for one massive economic collapse,” Hagmann told TruNews host Rick Wiles.

“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”

Hagmann goes on to say that his sources tell him the concerns of the DHS stem from a collapse of the U.S. dollar and the hyperinflation a collapse in the value of the world’s primary reserve currency implies to a nation of 311 million Americans, who, for the significant portion of the population, is armed.

Uprisings in Greece is, indeed, a problem, but an uprising of armed Americans becomes a matter of serious national security, a point addressed in a recent report by the Pentagon and highlighted as a vulnerability and threat to the U.S. during war-game exercises at the Department of Defense last year, according to one of the DoD’s war-game participants, Jim Rickards, author of Currency Wars: The Making of the Next Global Crisis.

Through his sources, Hagmann confirmed Rickards’ ongoing thesis of a fear of a U.S. dollar collapse at the hands of the Chinese (U.S. treasury bond holders of approximately $1 trillion) and, possibly, the Russians (threatening to launch a gold-backed ruble as an attractive alternative to the U.S. dollar) in retaliation for aggressive U.S. foreign policy initiatives against China’s and Russia’s strategic allies Iran and Syria.

“The one source that we have I’ve known since 1979,” Hagmann continued.  “He started out as a patrol officer and currently he is now working for a federal agency under the umbrella of the Department of Homeland Security; he’s in a position to know what policies are being initiated, what policies are being planned at this point, and he’s telling us right now—look, what you’re seeing is just the tip of the iceberg.  We are preparing, we, meaning the government, we are preparing for a massive civil war in this country.”

“There’s no hyperbole here,” he added, echoing Trends Research Institute’s Founder Gerald Celente’s forecast of last year.  Celente expects a collapse of the U.S. dollar and riots in America some time this year.

Since Celente’s ‘Civil War’ prediction of last year, executive orders NDAA and National Defense Resources Preparedness were signed into law by President Obama, which are both politically damaging actions taken by a sitting president.

And most recently, requests made by the DHS for the procurement of 450 million rounds of hollow-point ammunition only fuels speculation of an upcoming tragic event expected on American soil.

These major events, as shocking to the American people as they are, have taken place during an election year.

Escalating preparatory activities by the executive branch and DHS throughout the last decade—from the Patriot Act, to countless executive orders drafted to suspend (or strip) American civil liberties  “are just the beginning” of the nightmare to come, Hagmann said.

He added, “It’s going to get so much worse toward the election, and I’m not even sure we’re going to have an election in this country.  It’s going to be that bad, and this, as well, is coming from my sources.  But one source in particular said, ‘look, you don’t understand how bad it is.’  This stuff is real; these people, the Department of Homeland Security (DHS), they are ready to fight the American people.”

TruNews Wiles asked Hagmann: who does the DHS expect to fight, in particular?  Another North versus South, the Yankees against the Confederates?  Hagmann stated the situation is far worse than a struggle between any two factions within the U.S.; it’s an anticipated nationwide emergency event centered on the nation’s currency.

“What they [DHS] are expecting, and again, this is according to my sources, what they’re expecting is the un-sustainability of the American dollar,” Hagmann said.  “And we know for a fact that we can no longer service our debt.  There’s going to be a period of hyperinflation . . . the dollar will be worthless . . . The economic collapse will be so severe, people won’t be ready for this.”

Source: Full TruNews interview, May 2, 2012.

Jim Rogers’ Warning: Riots Coming to America

Speaking with the Wall Street Journal on Friday, commodities trader Jim Rogers of Rogers Holdings said riots such as the ones witnessed in Greece and reported as widespread in China will hit the United States and again in Europe as the next leg down in the financial crisis takes shape (after the election, he speculates in previous interviews). Sign-up for my 100% FREE Alerts

“I’m more worried about those kind of problems [rioting] in the U.S. and Europe; this is where social unrest is going to be worse,” Rogers told the Journal.  “I would suspect that, when economic conditions get worse here and get worse in Europe, we’re going to see . . . you’ve seen governments fail in Europe; you’ve seen countries fail in Europe. I suspect you’re going to see more of it [rioting], yes.

“We saw it in London; we’ve seen it in several countries in Europe in the last year or two.  Yes, I expect to see it here, too.  If you don’t, look out your window”

When asked about Bernanke’s credibility regarding his latest FOMC public statement, in which he said the Fed will be able to contain inflation, Rogers became noticeably irritated.

“Mr. Bernanke has zero credibility as far as I’m concerned.  The Federal Reserve has zero credibility,” Rogers said forcefully.   “Simon, go back at everything Mr. Bernanke has said in the last seven or eight years he’s been in Washington.  He’s never been right about anything.  The man has zero credibility for anyone who would take the time to look at his history.”

As far as further inflation down the road, Rogers stated inflation is already in the pipeline, and will manifest in higher commodities and consumer prices—of which, historically, have lagged money supply expansion by six months to one year.

As of the week ending Apr. 25, 2012, the Fed reported its balance sheet reached a total of $2.92 trillion, up from $2.71 trillion a year ago, and up from $920 billion in March 2008—well before the brunt of the financial crisis took its toll on markets later in 2008 and early 2009.

A tripling of the Fed’s balance sheet within fours years won’t be the extent of the damage to the Fed’s debt monetizing scheme and the value of the U.S. dollar, according to Rogers, who sees much more Fed money printing to come as well as consumer price inflation as a result.

“Absolutely, they’ve been printing staggering amounts of money; they’ve been taking staggering amounts of debt onto their balance sheet, much of it is garbage,” said Rogers.  “The federal government is spending huge amounts of money they have.  We have inflation in the U.S., and it’s going to get worse, Simon.”

Rogers said investors have it easier today than prior to the crisis.  It’s a heads-you-win, tails-you-win scenario.  The emergence of Asia as a source of consumption of raw materials and finished goods will exact pressure on harder-to-find natural resources.  If demand is crippled by the financial crisis, however, central banks will respond by debasing their respective currencies, forcing smart money into ‘things’ as a means of protecting wealth.

“In times of inflation . . . that’s put it this way, if the economy gets better there will be shortages of those raw materials and I’m going to make money,” Rogers explained.  “If the economy doesn’t get better Simon, they’re going to print a lot more money.  Mr. Bernanke doesn’t know anything else but to print money.  And throughout history when governments debase the currency, you protect yourself by owning real assets, whether it’s silver or rice, or whatever it happens to be.” [Emphasis added]

Rogers’ take on the most popular asset class among investors who follow the American expat who now lives in Singapore—gold—is that, he holds the precious metal (and by extension, silver) as a reliable means of storing value during a globally coordinated money-printing policies executed among the world’s major central banks.  He also discusses the virtues of owning oil as a play on ‘Peak Oil’ in addition to currency debasements.

“I own both [gold and oil] of them,” Rogers said.  “Gold has been up 11 years in a row which is extremely unusual for any asset.  It’s consolidating; it wouldn’t surprise me if it continued to consolidate.  If it goes down a lot more, I hope I buy a lot more.  I’m not selling my gold by any stretch of the imagination.”

Rogers added about oil, “The surprise with oil is going to be how high it stays and how high it goes.  Simon, the International Energy Agency (IEA) has done a study.  The world’s known reserves of oil are in steady decline.  We have to find a lot of oil or the price of oil is going to unheard of heights.” Sign-up for my 100% FREE Alerts